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Global Carrageenan Market to reach USD XX billion by 2027.

Global Carrageenan Market Size study, by Type (Kappa, Lota and Lambda), by Application (Food Industry, Pharmaceutical Industry, Cosmetics Industry and Others) and Regional Forecasts 2020-2027

Product Code: OIRFAB_10137539
Publish Date: 24-09-2020
Page: 200

Global Carrageenan Market is valued approximately at USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.12% over the forecast period 2020-2027. Carrageenan is extracted from red edible seaweeds, used as food additives for thickening, gelling, and stabilizing properties in food industry. Carrageenan is widely used in dairy and meat products due to its strong binding properties to food proteins. The growing demand for processed foods as well as rising demand for organic ingredients across the world are the few factors responsible for the market growth over the forecast period. According to the National Investment Promotion & Facilitation Agency, in India, the processed food market was about USD 322 billion in 2016 and is likely to grow to almost USD 543 billion by the year 2020 at a CAGR of 14.6%. Similarly, as per the United States Department of Agriculture (USDA), the Canadian food and beverage processing sector is reached almost USD 87 billion in 2018, and the government of Canada aims to increase agri-food exports by 26% (up to USD 65 billion) by 2025. Thus, the rapid growth of the food & beverage industry increases the adoption of Carrageenan. However, the stringent regulations from the FDA to reduce the usage of carrageenan gums, owing to the fact, may promote inflammation, swelling, food allergies, colon cancer and others, used prominently in the emulsification of food products, is the major factor restraining the growth of global Carrageenan market during the forecast period.

The regional analysis of global Carrageenan market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the increasing R&D expenditure, along with the rising production of pharmaceuticals in Europe. Furthermore, well-established end-use industries, such as food and beverage, personal care and cosmetics, and pharmaceutical, is augmenting the growth of the carrageenan market. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
MCPI Corporation
Marcel Carrageenan
ACCEL Carrageenan Corporation
TBK Manufacturing Corporation
Cargill Inc.
Caldic B.V.
Ina Food Industry Co Ltd.
Danlink Ingredients Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By Application:
Food Industry
Pharmaceutical Industry
Cosmetics Industry

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Carrageenan Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Carrageenan Market, by Region, 2018-2027 (USD Billion)
1.2.2. Carrageenan Market, by Type, 2018-2027 (USD Billion)
1.2.3. Carrageenan Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Carrageenan Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Carrageenan Market Dynamics
3.1. Carrageenan Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Carrageenan Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Carrageenan Market, by Type
5.1. Market Snapshot
5.2. Global Carrageenan Market by Type, Performance – Potential Analysis
5.3. Global Carrageenan Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Carrageenan Market, Sub Segment Analysis
5.4.1. Kappa
5.4.2. Lota
5.4.3. Lambda
Chapter 6. Global Carrageenan Market, by Application
6.1. Market Snapshot
6.2. Global Carrageenan Market by Application, Performance – Potential Analysis
6.3. Global Carrageenan Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Carrageenan Market, Sub Segment Analysis
6.4.1. Food Industry
6.4.2. Pharmaceutical Industry
6.4.3. Cosmetics Industry
6.4.4. Others
Chapter 7. Global Carrageenan Market, Regional Analysis
7.1. Carrageenan Market, Regional Market Snapshot
7.2. North America Carrageenan Market
7.2.1. U.S. Carrageenan Market Type breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Carrageenan Market
7.3. Europe Carrageenan Market Snapshot
7.3.1. U.K. Carrageenan Market
7.3.2. Germany Carrageenan Market
7.3.3. France Carrageenan Market
7.3.4. Spain Carrageenan Market
7.3.5. Italy Carrageenan Market
7.3.6. Rest of Europe Carrageenan Market
7.4. Asia-Pacific Carrageenan Market Snapshot
7.4.1. China Carrageenan Market
7.4.2. India Carrageenan Market
7.4.3. Japan Carrageenan Market
7.4.4. Australia Carrageenan Market
7.4.5. South Korea Carrageenan Market
7.4.6. Rest of Asia Pacific Carrageenan Market
7.5. Latin America Carrageenan Market Snapshot
7.5.1. Brazil Carrageenan Market
7.5.2. Mexico Carrageenan Market
7.6. Rest of The World Carrageenan Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. MCPI Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Marcel Carrageenan
8.2.3. ACCEL Carrageenan Corporation
8.2.4. TBK Manufacturing Corporation
8.2.5. Cargill Inc.
8.2.6. Caldic B.V.
8.2.7. Ina Food Industry Co Ltd.
8.2.8. Danlink Ingredients Ltd.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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